Bulls filled the bearish gap which was a crucial resistance at 8,726 and gave a close above this level. Nifty has given a close above 20-hourly moving average, ie 2,640, which is a positive sign going forward. Nifty (November) future has turned into a premium of 11.15 points from a discount of 2.75 points and around 8.02 lakh shares were added in open interest. Total open interest in the market was Rs46,536 crore and Rs4,101 crore were added in open interest. Nifty call option added 12.54 lakh shares in open interest, whereas put option added 20.34 lakh shares in open interest.
Nifty have support near 2680 & resistance near 2860
Buy cairn India tgt 141,145 SL 135
Buy bhel Sl 1260 tgt 1320
Buy Century Text keep SL 139 tgt 145,148
Adlabs resistance 160
Reliance capital above 440 tgt 455 if cross & hold above 460 then next tgt 480, below 440 tgt 420,410
Reliance Infra above 510 next tgt 540Below 490 next tgt 450
Axis bank if feel the bearish gap around 425 then you can see more up side upto 440+ below 420 tgt 405
Reliance ind buy above 1150 tgt 1200
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